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EXHIBIT A <br /> <br />SETTLEMENT POINTS (Mediation) <br /> <br /> 1. Thomas R. Kurak and Pattiann Kurak (the Kuraks) are to be paid $260,500, less the <br />$95,000 payment lireviously paid to the Kuraks. The City shall pay the remaining balance of the <br />settlement amount of $165,500, plus interest on the unpaid balance from the date of the last <br />payment on November 7, 2000. <br /> <br /> 2. Interest shall be paid on the unpaid balance from November 7, 2000 through June <br />16, 2003, at the applicable judgment rates. Interest is calculated at $17,493.56, for a total payment <br />orS182,993.56. <br /> <br />2003. <br /> <br />The payment of $182,993.56 shall be made to the Kuraks by no later than June 16, <br /> <br /> 4. Any settlement discussions among the parties shall continue to be confidential until <br />approval of the settlement by the City Council. <br /> <br />5. The final settlement agreement is contingent on court approval. <br /> <br />6. Each party shall pay its own attorneys' fees and costs in the case. <br /> <br /> 7. This settlement represents a final settlement of all claims by the Kuraks, against the <br />City of Ramsey, for compensation, interest and costs in this proceeding for the taking of their <br />property for the extension of County Road 116. <br /> <br />Resolution #03-05-121 <br />Page 3 of 3 <br /> <br /> <br />